Kossan Rubber Industries Bhd reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MYR 481.45 million compared to MYR 924.56 million a year ago. Net loss was MYR 2.49 million compared to net income of MYR 218.67 million a year ago. Basic loss per share from continuing operations was MYR 0.001 compared to basic earnings per share from continuing operations of MYR 0.0857 a year ago.
For the full year, sales was MYR 2,316.23 million compared to MYR 6,631.46 million a year ago. Net income was MYR 156.62 million compared to MYR 2,853.6 million a year ago. Basic earnings per share from continuing operations was MYR 0.0614 compared to MYR 1.118 a year ago.